We inform you that the Annual General Shareholders' Meeting (GSM) that took place on the 28/5/2004 in Alumil's headquarters (Kilkis Industrial Area) decide unanimously a euro 0.06 per share dividend payout for the financial year ended on 31/12/2003, that is, a 20% increase. Ex-dividend day is decided to be Friday, 11/6/2004. From following Monday, 14/6/2004, Alumil shares will be trading without the 2003 dividend. Board of directors, in tandem with previous estimations, increased payout, reaching a 1,7% dividend yield.

The need to maximize Investment Law 2601/98 Tax Free Reserves reaching euro 5,48 m.. (1,87 b. drachmas) in order to finance sound 2002-2004 Investment Plan reaching euro 90 m. is the basic parameter for Alumil's payout. Reserves will finance a significant part of 2004 investments, deteriorating total debt, expecting to offer Alumil shareholders higher return.

Dividend payout will be realized from EFG EUROBANK ERGASIAS offering 300 branches throughout Greece from Wednesday, 23/6/2004 to 22/6/2006 (two years). After the two-year period, dividend will be paid from Alumil Thessaloniki offices only, Egnatia Building, Democracy Square 1, Thessaloniki, P.C. 546 29 (Tel. +30 2310-555405).

Shareholders entitled to dividend are expected to present their ID card and their Social Security Number (S.S.N.) in any Eurobank's branch for the easiest possible service.
Direct payment is also available from all Greek Brokerage Firms and from authorized people, only upon presentation of authorization with shareholders and authorized person's full personal data (Full name, fathers name, ID number & S.S.N.), signed from the Hellenic Police or other Hellenic Authority. For shareholders trading (in the Greek Stock Market) with Eurobank, possessing also a bank account on the 11/6/2004, dividend payment will be automatically credited to their account. In every case, shareholders and authorized people (and Firms) for the dividend payment, will also receive the relative certification for tax authorities use.

Banks and Brokerage firms are directed to address queries to EFG Eurobank Ergasias: Santaroza 5, 3th floor, P.C. 105 64, Athens, Contact person Mr. Dionisis Galanopoulos, Tel. 210 3357182, Fax: 210 3357190, Email: DGalanopoulos@eurobank.gr

For all shareholders who have changed their personal data, address, etc. and for every possible question, the Alumil Shareholders Service is the relative department. Tel. +30 2310 555405, Fax: +30 2310 555425, Contact Person: Mrs. Marina Vasiliadou, E-mail: legaldept@alumil.com).

1 There is a full list available for all Eurobank branches in Greece